Carnival Beats Earnings Forecast as Cruise Demand Holds Up
Carnival posted $1.43 adjusted EPS and $8.44B in sales, beating estimates. Record bookings lifted the 2026 outlook, but fuel costs cut Q4 guidance.
Carnival posted $1.43 adjusted EPS and $8.44B in sales, beating estimates. Record bookings lifted the 2026 outlook, but fuel costs cut Q4 guidance.
Norwegian Cruise Line reported higher Q2 earnings of $0.48/share but cut its full-year adjusted EPS outlook to $1.50 due to soft demand and rising fuel costs.
Norwegian Cruise Line made profit and higher revenue, but cut 2026 outlook due to fuel costs, weak Europe demand, and Middle East tensions.
Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Activist investor Elliott Investment Management has grabbed over 10% of Norwegian Cruise Line shares and wants big changes to boost performance and guest fun.
JPMorgan shifts Norwegian Cruise Line rating to Neutral with a lower $20 price target following the sudden departure of CEO Harry Sommer and appointment of John Chidsey, citing transition uncertainties.